{{$store.state.data.search.serverData.config.placeholder}}

{{ vm.heading }}

{{ vm.closeTabLabel }}

Notice of updates
!

Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. You will not continue to receive KPMG subscriptions until you accept the changes.

Hi
!

Our privacy policy has been updated since the last time you logged in

We want to make sure you're kept up to date. Please take a moment to review these changes. You will not receive KPMG subscription messages until you agree to the new policy.

Also on KPMG.com

Trust in Australia across government, media, business and non-government organisations is at five year lows.

A range of factors have contributed to the breakdown of trust globally over the last decade. The global financial crisis, pace of technological change and growing impact of automation on the workforce, the ‘fake news’ phenomenon and the uneven distribution of wealth have all contributed to resentment and populism.

Furthermore, 65 percent1 of Australians believe CEOs should take the lead on change suggesting the business mandate has broadened.

Is public trust and retaining a social license to operate going to continue to be at the forefront on the business agenda in the years to come?

What role does business play in the community?

This topic was debated on Sky News Business – The Next 5 Years with Bernard Salt, Shayne Elliott, CEO, ANZ, Elizabeth Gaines, CEO, Fortescue and Alison Kitchen, Chairman KPMG. The episode explores:

what is meant by the term public trust

what is the state of public trust in big business today and how are issues surrounding trust likely to evolve over the next 5 years

where ‘public trust’ ranks within management’s consideration of key business issues confronting business over the next 5 years

what should the responses be from management, from the board, when big business discovers there’s been a breach of public trust

what needs to be done, at a business level, in order to restore public trust where it has been breached, or to ensure that trust isn’t breached in the future

how Australia compares on the issue of public trust with other developed nations.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.